Business
More Sops Likely For Manufacturing Sector
NEW DELHI: The government has started internal discussions on ways to revitalise the manufacturing sector, with a new set of incentives, as the preparations for Budget FY26 is under way. While investments in a clutch of sectors are already being promoted via production-linked incentives, what is being looked at...
India-UK Bridge: Government Eyes Push To Roads, Renewables
NEW DELHI: Government is pitching roads, renewables and rapid transit projects for development under the India-UK investment bridge and is willing to tailor the design based on feedback so that there is greater participation from global investors. Representatives from the City of London Corporation, officials from Niti Aayog and...
New Bill Proposes Multiple Nominees For Bank Fixed Deposits To Ease Fund Distribution After Death
NEW DELHI: A crushing experience in the trail of destruction left by Covid was the inability of family members to freely withdraw and distribute money by breaking the bank fixed deposits (FDs) after the death of the prime earner, who, in many cases, was the sole account holder. The...
India Emerges As Major Hub For Global Capacity Centres
NEW DELHI: India has emerged as a major innovation hub with developers saying global capacity centres (GCCs) account for about half the fresh quality office property inventory in the country. Between Q1 2023 and Q4 2024, 124 new companies transacted GCC deals and took up office space for greenfield...
Mobile Industry Seeks Enhanced Air Cargo Handling Capacity
NEW DELHI: Mobile phone players want Indian airports to ramp up their existing cargo handling capacity to support a projected eight-fold increase in device exports to USD 180 billion by 2030, industry body ICEA said. India Cellular and Electronics Association (ICEA) Chairman Pankaj Mohindroo told PTI that the turnaround...
India’s 26 Major Listed Realty Firms Sell Rs 35,000 Crore Worth Properties In Q2
NEW DELHI: India’s 26 major listed real estate firms have sold properties worth nearly Rs 35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. According to the data compiled from regulatory filings, the 26 major listed realty firms have reported a combined sales bookings of...
National Consumer Helpline To Roll Out AI-Based Features, Partners With 1,000 Firms
NEW DELHI: National Consumer Helpline (NCH) is set to introduce artificial intelligence-based features including speech recognition and multilingual chatbots as part of a major upgrade to its consumer grievance system. The helpline has also announced partnerships with over 1,000 companies to expedite complaint resolution. The new AI capabilities, dubbed...
Air India Express Increases Flight Operations From NE Destinations
GUWAHATI: Low-cost airline Air India Express has announced an increase in flight operations from three major destinations in the northeast – Guwahati, Agartala and Imphal – as part of its winter schedule. This is part of the airlines’ expansion of winter services across the country, it said in a...
Markets may react to Assembly polls outcome: Analysts
MUMBAI: Global factors and FII activity will dictate trends in domestic equity markets this week while assembly poll results of Maharashtra and Jharkhand may impact stocks on Monday, say analysts. Stock markets witnessed a spirited recovery on Friday with benchmark Sensex and Nifty notching the best single-day gains in...
Indian Gig Economy Firms Poised To Be Global Leaders: FM Nirmala Sitharaman
NEW DELHI: Indian innovations such as quick commerce could join the league of the biggest players in the international tech business space over time, finance minister Nirmala Sitharaman said on Friday, calling for a strong ’Bharat Brand” in multiple sectors. She, however, said traditional brick-and-mortar retailing is facing some...
SEBI Seeks Diversified Ownership Of Clearing Corporations
MUMBAI: The Securities and Exchange Board of India (SEBI) has proposed diversified ownership of equity clearing corporations (CCs) currently fully owned by the stock exchanges. SEBI expects a broad-based and diversified ownership of clearing corporations would help strengthen their financial and operational independence and ensure they can operate primarily...
India’s Defence MRO Sector Set To Take Off Over The Next Five Years
NEW DELHI: India’s defence maintenance, repair, and overhaul (MRO) sector is poised for transformative expansion over the next five years, as global aerospace giants and domestic players collaborate to establish world-class facilities. With companies like Lockheed Martin and Boeing partnering with Indian firms like Tata Advanced Systems Ltd (TASL)...
Small And Medium Hospitals Market Likely To Reach Rs 5 Trillion By FY27: Report
NEW DELHI: The small and medium enterprise (SME) hospitals segment is expected to reach a market size of Rs 5 trillion by financial year 2026-27 (FY27), fuelled by localised demand, niche specialisation, and initiatives, according to a joint report by investment banking and consulting firm LoEstro Advisors and healthcare...
United States Leads Global Network Readiness Index 2024; India Ranks 49th
MUMBAI: The 2024 Network Readiness Index (NRI), published by the Portulans Institute and Saïd Business School at the University of Oxford, has ranked the United States as the world leader in network readiness for the third consecutive year. The report highlights the US’s dominance in artificial intelligence (AI) development,...
HAL Is Looking To Manufacture Al-31-FP Engines Of Su-30mki Entirely In India Including Components
Hindustan Aeronautics Limited (HAL) is actively pursuing a strategy to manufacture the AL-31FP engines for the Sukhoi Su-30MKI aircraft entirely within India, including the sourcing of materials. This initiative is part of a broader push towards self-reliance in defence manufacturing, aligning with the Indian government’s “Atmanirbhar Bharat” (Self-Reliant India)...
NMDC Says It Will Bring Latest Material Handling Tech To India Via New Department
India’s largest iron ore producer, NMDC Ltd says it has always been a pioneer, pushing boundaries and setting benchmarks in the steel and mining industry. It has now established a new vertical dedicated to innovative technological advancements. Recently, this ‘Transformation and Innovation’ vertical was introduced into its Hyderabad head...
Steel Retaliation: India Cautiously Weighs Proposed Duties On EU Goods
NEW DELHI: India is stepping cautiously on its proposed imposition of retaliatory duties on EU goods for wrongful extension of safeguard tariffs on its steel as it is weighing diplomatic considerations such as action by other countries similarly hurt by the measures and an assessment of overall trade relations...
India’s Petroleum Exports Up 12.7% In October; Crude Imports Increase By 4.2%
NEW DELHI: Indigenous crude oil and condensate production in October 2024 stood at 2.3 million metric tonnes (MMT), marking a 4% decline compared to the same period last year, according to data from the Petroleum Planning and Analysis Cell (PPAC). ONGC accounted for the largest share of production at...
